November 18, 2014 | Grain Hedge Insights | Cody Bills | Views: 207
November 17, 2014 | Grain Hedge Insights | Cody Bills | Views: 262
November 14, 2014 | Grain Hedge Insights | Cody Bills | Views: 347

Cash Market Update

Kevin and Cody discuss the cash basis movement on a national level this Friday.

Corn and bean futures prices found strength this week and the cash market added on to the gains with a 2 cent basis increase on average across the US this week.

 

In corn, ethanol plants were a dominant driver adding 4 cents a bushel as a group as ethanol production continues to accelerate. Weekly ethanol output was at 946,000 barrels per day, a marketing year high, and puts year-to-date output 6.1% ahead of last year's pace. USDA has only a 0.3% increase expected for annual corn use for ethanol.  Export markets were also up with the Gulf port basis advancing 3 cents a bushel.  Weekly export inspections were at 517,000 MT on par with expectations but a bit slim for this time of year.

 

By comparison, soybean export inspections continue to set a blistering pace with 2,481,000 MT for the week and cumulative exports at 13.5 MMT compared to 11.8 MMT for the same period last year.  This is 14.4% higher than 2013 while USDA is only factoring in a 4.4% increase year on year. However, basis levels at the Gulf this week were flat with some river terminals in the Upper Midwest seeing lower basis as barge rates there moved higher.  Soy plants were up as a group gaining 3.4 cents a bushel, but some areas of Minnesota and Iowa were weaker with 5 to 10 cent declines being fairly common by plants in this region.

 

November 13, 2014 | Grain Hedge Insights | Cody Bills | Views: 349

Whats behind corns move higher?

Kevin and Cody discuss the positive day in the grains and talk about some of the drivers behind the scenes. Cody discusses some key price levels to keep an eye on if corn continues its move higher tomorrow.

November 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 523

Soybeans Dip Lower Today

Cody and Kevin discuss the effects of the sudden rise in price of Argentinian Soymeal. Kevin also discusses implications the end of the cease fire in Ukraine.

Soybeans Dip Lower Today
November 11, 2014 | Grain Hedge Insights | Cody Bills | Views: 230

Soybean Rally Continues

Cody and Kevin talk about what is behind the soybean rally and how much longer it might last. Kevin discussed the cash market reaction and Cody talks about some price targets that producers should be paying close attention to.

November 10, 2014 | Grain Hedge Insights | Cody Bills | Views: 216

Mixed Markets Today

Tune in to hear Kevin and Cody discuss how export sales and the WASDE affected the markets today.

November 07, 2014 | Grain Hedge Insights | Cody Bills | Views: 291

Markets mixed going into the weekend

Cody and Logan talk about the trade action on Friday and what producers should be thinking about as they come out of Harvest. Cody also digs into the average basis changes seen at the national level.

November 06, 2014 | Grain Hedge Insights | Cody Bills | Views: 276

Big Soybean Exports Support Market

Soybean exports of 1.61 million metric tons support today's market. Tune in for a complete break-down as well as a discussion of the sustainability of the rising prices.

November 05, 2014 | Grain Hedge Insights | Cody Bills | Views: 217

Grains Bounce Back

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GeoGrain Weekly Comments

November 21, 2014 | Grain Hedge Insights | Cody Bills

Cash grain markets found strength as futures prices were down on the week. Both spot and corn bean basis levels posted impressive gains, advancing 5 and 3 cents a bushel, respectively, on the week.

Corn found strength from slow farmer sales as harvest wrapped up as well as underlying...

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Grains Mixed in the Overnight

November 21, 2014 | Grain Hedge Insights | Cody Bills

In the overnight session corn traded down 1 ½ cents, soybeans traded up 5 ¾ cents and wheat in Chicago traded down 2 ½ cents. Keep in mind that today is the LAST TRADE FOR DECEMBER OPTIONS.

 

Precipitation is developing over the Delta region which will likely expand to bring moisture to...

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